June 10, 2005
Home Improvement for Home Value: Which Improvements Pay Off?
The main reason people remodel or rennovate is to update their homes to suit their family's tastes or needs, but many people are also thinking forward about the day they sell their home and wondering what home improvements can also increase the value of their property. David Lereah, in his recent book Are You Missing the Real Estate Boom?
In the bathroom...
"It used to be that bathroom Jacuzzis were the order of the day. But gradually home owners realized they rarely used them and they were not worth the cost. Today, luxury showers with multiple showerheads are much more in fashion--and likely to add to the value of your home."
In the kitchen...
"The kitchen features that buyers consider most valuable are a built-in refrigerator, a kitchen island, and a double oven."
He also mentions some exterior home improvements that can convince possible homebuyers to up their bids:
"Exterior features that affect selling price the most include a patio, a deck, a sprinkler system, and a tennis court; any location on the water, or having a water view, adds value to a house."
The whole book is worth checking out if you're at all interested in getting involved with the real estate market.
Are You Missing the Real Estate Boom?
